Fos Capital Ltd · ASX:FOS
Fos Capital — Shareholder Meeting (October 2025)
17 slides from Fos Capital's shareholder meeting presentation, Oct 28, 2025
Slide 1: 2025 AGM Presentation
2025 AGM Presentation For personal use only 28 October 2025
Slide 2: FY25 Highlights
FY25 Highlights Strong earnings growth as FOS builds out critical mass For personal use only Sales EBITDA NPAT EPS DPS $25.5m $2.1m $0.9m 1.72cps 1cps +4% vs pcp +43% vs pcp +48% vs pcp +47% vs pcp 1cps in pcp Flat adjusted1 Operating Cash Flow Acquisitions $2.3m Aldridge Traffic Systems +130% vs pc
Slide 3: FY25 Financial Highlights
FY25 Financial Highlights Operating leverage continuing to drive strong financial outcomes For personal use only Revenue ($m) EBITDA1 ($m) EBITDA margin (%) NPAT ($k) 932 8.2% 25.5 2.1 24.5 6.1% 5.7% 632 1.5 584 17.1 13.5 4.2% 1.0 349 0.6 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 F
Slide 4: Growth Strategy
Growth Strategy Consolidating fragmented markets via organic growth and M&A For personal use only • As a leader in highly fragmented markets, FOS is able to acquire businesses and realise significant synergies, providing a base to take further market share. • The seven acquisitions executed to date
Slide 5: Key Acquisitions & Agreements
Key Acquisitions & Agreements Track record of strategic, accretive acquisitions For personal use only FOS Capital | 2025 AGM Presentation 5
Slide 6: Acquisition: Aldridge Traffic Systems
Acquisition: Aldridge Traffic Systems Acquisition of ATS in June 2025 advances key strategic priorities For personal use only • The acquisition of key road-lighting player ATS strengthened FOS Capital’s existing presence in the road lighting industry, which is characterised by high barriers to entry
Slide 7: Acquisition: Glowing Structures
Acquisition: Glowing Structures Acquisition of specialist lighting design consultancy For personal use only • In May 2025 FOS acquired Glowing Structures, a specialist lighting design consultancy based in Unaudited FY24 Melbourne that provides clients across a range of Sales $1.3m sectors with innov
Slide 8: FY25 Income Statement
FY25 Income Statement Successful execution driving earnings uplift on operating leverage For personal use only A$m FY25 FY24 Sales 25.5 24.5 Gross profit 11.3 9.1 Other income 0.1 0.2 Expenses 9.3 7.9 EBITDA 2.1 1.5 EBITDA margin 8.2% 6.1% Restructuring costs - 0.6 Adjusted EBITDA1 2.1 2.1 PBT 1.2 0
Slide 9: FY25 Cash Flow
FY25 Cash Flow Strong Cash Flow generation and stable capital management For personal use only A$m FY25 FY24 Change Receipts from customers 28.4 24.9 +14% Payments to suppliers & employees -25.6 -23.7 +8% Other -0.5 -0.2 +150% Operating Cash Flow 2.3 1.0 +130% Strong OCF improvement on scale, earnin
Slide 10: FY25 Balance Sheet
FY25 Balance Sheet Well capitalised and positioned to execute on growth plans For personal use only A$m 30 Jun-25 30 Jun-24 Change Cash 2.5 1.7 +47% Receivables 3.9 4.9 -20% PP&E 1.7 1.0 +70% Other Assets 17.6 14.2 +24% Total Assets 25.7 21.8 +18% Payables 1.7 2.9 -41% Borrowings 3.9 2.7 +44% Other
Slide 11: Outlook & Trading Update
Outlook & Trading Update FOS is well positioned to execute on a growing opportunity set For personal use only • 1Q25 Sales were $6.5m, relative to an unusually strong pcp figure of $8.3m. The high 1Q24 figure was Orders on Hand ($m) in part due to the favourable timing of some project deliveries dur
Slide 12: Appendices
Appendices For personal use only FOS Capital | 2025 AGM Presentation 12
Slide 13: FOS Capital – Introduction
FOS Capital – Introduction Founder-led manufacturer & distributor of commercial LED lighting For personal use only • FOS manufactures a range of commercial luminaires, outdoor fittings, and linear extruded lighting, and distributes a range of commercial, architectural, and road lighting solutions. •
Slide 14: FOS Capital – Background
FOS Capital – Background Aligned management with successful history of integrating acquisitions For personal use only History Key Management April 2019 – FOS Lighting Group (100% owned by FOS Capital) founded Con Scrinis by FOS MD Con Scrinis and ED Michael Koutsakis to target lighting Managing Dire
Slide 15: FOS Capital – Brands & Solutions
FOS Capital – Brands & Solutions FOS owns 17 brands and 96% of all sales are in fully-controlled products For personal use only FOS Capital | 2025 AGM Presentation 15
Slide 16: Project Examples
Project Examples FOS supports a range of major government & corporate projects For personal use only FOS Capital | 2025 AGM Presentation 16
Slide 17: Contact
Contact Con Scrinis, Managing Director For personal use only con@foslighting.com.au